Austwise Tax & Investment Services

Accountants Registered Tax Agents
Financial Advisers Mortgage Brokers & Real Estate Agents
Michael Todd Australian Financial Services No: 239 197
Australian Credit Licence No: 389 173
Michael Todd Real Estate Agent No: 200 176 44 (NSW)

Established over 30 years, Austwise offers extensive knowledge and experience to a diverse range of clients and industries in West Ryde, NSW.

Welcome

Learn more about how the team at Austwise can help you with your business accounting and financial needs.
About Austwise

Our team can help you get you generate and protect your wealth.

Let Austwise Find The Right Solution For You!

At Austwise Tax & Investment Services, we are here to listen with care, and then we find the right financial solution for you. With over 30 years experience, you can rest assured that you will receive the most professional and reliable information and assistance from Austwise.

  • Maximize your tax refund/ pay later/ full tax deductibles / competitive rates
  • Small business specialist
  • Take control of your super fees and the investment of your super

The Right Team of Qualified Professionals

The Austwise Tax & Investment Services Team consists of accountants, registered tax agents and financial advisers. We have been operating very successfully for over thirty years.

Our team consists of fully experienced and qualified accountants and financial advisers.

  • Institute of Public Accountants
  • Registered Tax Agents
  • Taxation Institute of Australia
  • Australian Institute of Management
  • Accredited Member of Finance Brokers Association
  • The National Tax and Accountants Association
  • SMSF Association
  • Financial Planner Association
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Our Financial advisor will be Michael Todd (Principal/ Licensee). His Australian Securities and Investments Commission (ASIC) licence number is 239197. Mr Todd has 30 years of experience in Financial, Taxation and Accounting Services.

Austwise Tax & Investment Services is registered Tax Agent and Public Accountant, Certified Financial Planning and SMSF specialist Advisor.

Financial Services Guide - Michael Todd

Successful business strategies

We work with you in determining future strategies that will bring success

Our Services

Learn more about how our team can help you with your business and personal accounting and financial planning needs.

We ensure your accounting and tax compliance is lodged on time

Lodged on time

Latest News

Read the latest from the Austwise news desk in both the Accounting and Financial Planning sectors.

Accounting News

2020 is coming to an end.  Phew!!

2020 is coming to an end. Phew!!

 Some fireworks and a great Advent Calendar to help you celebrate.  On behalf of all our staff we wish our clients and their families a Merry Christmas, a Happy New Year and a great holiday period. 

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Employee Christmas Parties and Gifts – Any FBT?

Employee Christmas Parties and Gifts – Any FBT?

 The Christmas break-up party and/or gifts to employees can be exempt from Fringe Benefits if a few rules are followed. 

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FBT – Christmas Parties and Taxi Fares

FBT – Christmas Parties and Taxi Fares

 Some employers, who are commendably anxious to protect their employees and clients from the drink/driving laws, also pay for taxis to and from the place of entertainment. 

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JobMaker hiring credit given green light despite ongoing concerns

JobMaker hiring credit given green light despite ongoing concerns

 A Senate committee has recommended that the JobMaker hiring credit legislation be passed, despite concerns over its narrow eligibility and lack of protection for older workers. 

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Super, death, and taxes

Super, death, and taxes

 An interesting finding in the federal government's Retirement Income Review report is that many Australians are dying with the majority of the wealth they had when they retired. 

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ATO extends JobKeeper deadlines ahead of Christmas

ATO extends JobKeeper deadlines ahead of Christmas

 JobKeeper deadlines for the second extension period have now been extended by the ATO ahead of the festive season. 

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Small-business coronavirus grants set to be income tax-free under new bill

Small-business coronavirus grants set to be income tax-free under new bill

 A new bill that ensures state and territory grants issued in response to the coronavirus pandemic are not subject to income tax has now been introduced. 

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How Australians are taking advantage of income tax cuts

How Australians are taking advantage of income tax cuts

 New research has offered insight into how Australians intend to save the gains generated from income tax cuts rolled out in this year’s federal budget. 

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Part 1 – Budget reminders.  Under the Hood.

Part 1 – Budget reminders. Under the Hood.

 The 2020 Federal Budget was one of the most far reaching and complex ever brought in.  This is the first of three articles to remind us of important topics the budget addressed.  

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Financial Planning News

2020 is coming to an end. Phew!!

2020 is coming to an end. Phew!!

 Some fireworks and a great Advent Calendar to help you celebrate. On behalf of all our staff we wish our clients and their families a Merry Christmas, a Happy New Year and a great holiday period. 

Read More

ATO flags key deadlines for early release of super

ATO flags key deadlines for early release of super

 With the end of the year drawing closer, the ATO has outlined some of the cut-off dates and deadlines applying for members wanting to apply for the early release of their super. 

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Retirement costs rising despite COVID impacts

Retirement costs rising despite COVID impacts

 The cost of a comfortable retirement in Australia has gone up over the September quarter despite COVID-induced lifestyle changes, new research has revealed. 

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Government targets fund expenditure, best interests in new super reforms

Government targets fund expenditure, best interests in new super reforms

 Recently released draft exposure legislation will require trustees of super funds, including SMSFs, to exercise their powers in the best financial interests of beneficiaries and require APRA-regulated funds to support their expenditures with evidence. 

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Small SMSFs develop rapidly

Small SMSFs develop rapidly

 The latest industry research has shown SMSFs with low balances grow to levels allowing them to become cost-efficient very quickly. 

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Investing basics for first timers

Investing basics for first timers

 The students of 2020 are graduating to the adult world in one of the most uncertain times in recent history amid recession, pandemic and global political tensions. In times like these, knowing the basics of how to get started down the road to prosperity is more important than ever. 

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Behind the dash in new market listings

Behind the dash in new market listings

 There's been an unexpected surge in new listings on the Australian share market over recent months. So, what is driving this IPO boom? 

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Super, death, and taxes

Super, death, and taxes

 An interesting finding in the federal government's Retirement Income Review report is that many Australians are dying with the majority of the wealth they had when they retired. 

Read More

What millennials are thinking about investing and retirement

What millennials are thinking about investing and retirement

Vanguard surveyed more than 850 millennials in the U.S. currently aged 24 to 39, who make at least US$50,000 per year, as part of a broader study on how people across different generations feel about retirement, investing, and financial advice during market volatility.

Read More

We leave no stone unturned

Our clients are more than just customers. We treat each business like our own and leave no stone unturned to make their goals, our goals.

Educational Videos

Watch our video series to learn more about the value of getting accounting advice, financial planning, how it applies to common life events and how we can help you.

Client Resources

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Our greatest assets are our clients. We treat each client as if they are our only one.

Thank you

Contact Us

We'd love to get in touch and we welcome any enquiry that you may have

Get in Touch

Austwise welcomes your enquiry. To book an appointment or simply ask us a question, fill in your details and we'll be in touch soon!

Our Office

Postage Address

  • PO Box 181, West Ryde NSW 2114

Payment Options

Tax & Accounting

Austwise offers a comprehensive range of taxation and accounting solutions for both businesses and the individual. Let us help you take control of your financial future. Our team are committed to offer the highest level of service and welcome the opportunity to work with you.

Concentrate on running your business and let us take care of all your business taxation requirements:

We also complete tax returns for individuals. They can be complex and there are allowable tax deductions and expense claims that can be made that you may not be aware of. We can help you minimise your payable tax and potentially increase your tax return and make sure your tax return is lodged on time. We also offer advice on:

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Financial Planning

Financial planning is determining how an investor is going to meet their goals and objectives. It is about helping clients define their goals, gathering information and analysing data to make a plan, then implementing the plan and monitoring the results. It is also monitoring and updating goals and objectives as clients move through different phases of life.

'Failing to plan is planning to fail.' It's a cliché but when it comes to investing money, setting and then attaining long term financial objectives, then it makes a lot of sense to have a plan. Also, history shows time and again that the sooner you can start the better the outcomes.

Attaining long term objectives is better served by setting some short term goals. For example, such milestones might be set for 1-3 years, then 4-6 years and then 7+ years.

However, just having a plan isn’t enough. It needs to be regularly revisited and amended accordingly. Like the initial drafting of a plan the ongoing monitoring can be complex, increasingly so due to an increasing number of rule and regulation changes. We can help you manage this complexity and provide ongoing monitoring.

Our primary aim is to help you attain your financial objectives.

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Self Managed Super Funds

Self-Managed Superannuation Funds (SMSFs) offer an alternative strategy option for many individuals, families and small business owners to build tax effective wealth and protect assets over time. SMSFs are becoming popular for those who are ready to take control of their own super investments as they give you ultimate control and flexibility to manage your retirement benefits.

It must be noted though, that you will have increased responsibilities as a trustee of the fund. As a SMSF Trustee, you need to keep up to date with all required SMSF regulations and be aware of changes occurring in financial markets.

We can work with you to understand your personal financial situation and decide whether a SMSF structure is appropriate for you. We will also help you to invest your assets in the most effective way to maximise your retirement benefits, whilst complying with your fund’s investment strategy.

It is generally agreed that there are a number of benefits of an SMSF, but it is important that you also understand that an SMSF may not suit your situation. Outlined below are some of the reasons why a SMSF needs to be considered carefully before establishment:

Benefits:

Disadvantages:

Running and managing a SMSF may not be suitable to everyone. Many of the advantages are also a disadvantage:

Should you wish to consider establishing a SMSF then we can help with:

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Wealth Creation

Wealth creation takes time and planning. Of course, there are the lucky ones who just seem to become wealthy. However, for the rest of us it requires planning, dedication, and time – the more time the better. On the other hand, we have to live and that costs a lot of what we earn.

The cost of living means most delay planning to develop their wealth until well into their adult years which, unfortunately, leaves them with too much to do in too short a time if they’re to attain their financial goals.

Many don’t attain these goals but seeking professional help early on in your life journey is where to start. The longer this help is available then all the better for covering short term needs such as school fees and holidays, medium-term goals such as paying off a mortgage, while always keeping your eye on the long-term goals that will help you enjoy a quality retirement.

The most important step to financial freedom is to have a Financial Plan! Many people leave this until it’s too late in life. Not having a plan equals less choice in your later years, causing much stress and anxiety in your family relationships that could be well avoided if only you had a good financial plan in place.

How to start:

STEP 1: Clear all your non-mortgage debts

Put a budget in place and live within your means ...

Check out the budget planner on www.moneysmart.gov.au

STEP 2: Build up your savings

Once your non-mortgage debt is under control, start a disciplined saving habit, here's how:

STEP 3: Speak to a qualified Financial Planner

Markets are global and changing all the time. It is difficult for an unqualified person to understand the benefits of tax-effective savings and super contributions, never mind how to invest in managed or listed funds. This is where a qualified Financial Planner will help you personalise a plan that will see you transition from now into your retirement.

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Mortgage Broking

Are You Confused By The Multitude of Mortgage Choices?

The word mortgage come from a French word ‘mort’ meaning ‘death’ and ‘gage’ meaning ‘pledge or agreement’ so ‘agreement till death’. For most of us mortgages are a necessary debt which we seem a life time to pay. The cost of owning a house for most Australians steals away their dream for a good retirement. Unfortunately most of us are married to our mortgages and have no solution as to how to pay it off faster.

We have been conditioned to focus on the interest rate rather than being educated on how to pay less in interest. A good broker is one who is proactive and can tell you how much can on ‘leverage’ to maximise your current position. Unfortunately with mortgages, there is no one size fit all.

The Austwise team is dedicated to find you the best solution. We pride ourselves on our industry knowledge as we ourselves have mortgages, investments and can advise you with personal experience. Our experience ranges from residential mortgages to chattel lending and our team is confident that we will find you a solution for you. Unlike most business we are not jack of all trade as we engage other independent mortgage broker to keep up with industry knowledge and product range.

Our mortgage advisory services include:

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Bookkeeping

Having trouble reconciling your accounts? Not enough hours in the day to balance the books? Outgrown your existing bookkeeper or have they recently left? Then our outsourced bookkeeping services can provide accurate and timely reporting for any business. You can focus on running your business while Austwise reconciles your accounts and attends to the processing of your financial transactions.

Our outsourced bookkeeping services can:

Maybe you would like to be able to receive payments on the spot? Austwise can assist with this option.

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Property Investment

Austwise can make sure your dreams become a reality. Buying your own home is often the first significant investment you will make. Purchasing another property may well be the second investment people will make even before shares and other assets. Our objective is to help our clients make safe investment property decisions that create wealth for the long term.

Austwise has partnerships with many respected property agents and research firms. This enables us to source suitable properties for individuals, couples and families looking to make an investment into property.

Like any form of business, property ownership can be less than hoped for. However, rental income, gearing, purchase, borrowings, management, appropriate structures, and advice are how Austwise can help clients who own commercial and residential investment properties.

Our aim is to ensure such investments generate the appropriate returns.

We assist in a variety of ways:

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Retirement Planning

Retiring on your own terms is not always easy to achieve, however it is evident that those who plan for retirement are more likely to do so. Results also show that obtaining professional help during the pre-retirement years further improves the probability of attaining your retirement objectives. The earlier you start implementing a plan the better the outcomes.

During one’s working life there is always an income to make ends meet when raising children, paying off a mortgage, and myriad other lifestyle costs.

Retirement planning is about the lifestyle you will have after you stop work and receiving employment income. Planning focuses on issues such as how much superannuation is enough, taking a super pension, claiming the Age Pension, making superannuation contributions while receiving a pension from a super fund, estate planning and looking after your family.

Planning properly is becoming even more important now we are expected to live longer. This greater need means that professional help has never been more important as well.

At Austwise Financial Services, we will provide the time and expertise needed to help you implement the best financial strategy possible. Contact us today to discuss how we can work together.

Start getting the support you need and book a consultation with one of our team members today. Call us on (02) 9808 3166 or make an enquiry via email at michaeltodd@austwise.com.au and one of our staff will get back to you as soon as possible.

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Financial Planning Videos

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Email is very convenient in our business world, there is no doubting that. However email messages and attachments can be intercepted by third parties, putting your privacy and identity at risk if used to send confidential files or documents. Secure File Transfer eliminates this risk.

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